HOW TO MAKE NOTHING BUT MONEY

Rating:
Summary: Good effort, but redundant and surprisingly useless.
Review: After hearing good things about this book, I bought it, read it, and was quite disappointed. Deldotto does a lot of rambling where he could have made his points in a much more clear and concise way. There's a lot of filler here and I got the distinct impression that he was trying his hardest to make something that could have been a pamphlet, into a book.

For example, he outlines that a good way to get below market cost deals on consumer products is through government public auctions. Then later in the real estate section, he goes through the topic government public auctions all over again.

Deldotto's writing style is bland and after finishing this book, I had to ask myself, "What did I learn?" I thought about it for a while and couldn't really come up with much.

This book is a good try I suppose but it seems as if the author is trying to cash in on the popularity of what I call 'money-help' books by passing off a sophmore effort in the guise of some sort of ultimate bible.

You could and would do better with a different book.

Rating:
Summary: Excellent book on real estate investing
Review: Dave DelDotto was in the early 80's through 1993 the top guru on real estate and building wealth. I bought this book back in circa 1989 after seeing his informercial fortified by a friend that indicated he made a small fortune following DelDotto's techniques.

This book offers a lot of good advice on buying foreclosures and distressed property, tax liens and discounted mortgages.

In other parts of the book DelDotto tells you how to but all sorts of items; cars, clothes, jewelery for pennies on the dollar and then generate cash flow via auctions.

DelDotto's keys to success is worth the price of the book alone. You will develop proper mental mindset that can take you from where you are to where you want to be.

After buying the book, I ahate to admit this, but my buddy allowed me to dub his audio and video tapes. The material was powerful and positive. Feeling a little guilty, after I bought a few properties I went out and ordered both the basic program and the advanced 'Millionaire Training."

DelDotto was not only one of the first to teach powerful wealth building, he was also one of the best.

I find it interesting that much of what DelDotto taught is the same information in the so called newer books today. Not much has changed, only the names. The only difference is that DelDotto offered a lot more meat in his programs.

Rating:
Summary: Still a worthwhile read
Review: I bought the harback book for full retail $19.95 back in 1989 and it was worth every penny. This book got me thinking about ways to make money. I found the foreclosure advice particularly beneficial. Back then, like now, foreclosures were at all an all time high. It was great being to able to help people and make money at the same time.

I also found the advice on picking up merhandise at auctions very valuable. Great cash flow strategy.

His home study program was state of the art. Seminars outstanding. Nobody packed more information than Dave DelDotto did.

Rating:
Summary: Solid principles are never out of date
Review: I couldn't help but chuckle after reading that review from a reader from Illinois named Rosethorn. I wonder what this reviewer finds so out of date? There are still auctions available. There are still tax liens available. And there are more foreclosures now that at any time in history. And nowhere does Deldotto tell you to speculate. Obviously Ms. Rosethorn didn't even bother to read this book.Although How To Make Nothing But Money is more or less a synopsis of Deldotto's 'Cash Flow System', there are a lot of nuggets in here if you are perceptive enough to see them. Sort of remind me of 'Think & Grow Rich' in that the "secret" is only revealed when you are ready for it.Obviously, Ms. Rosethorn isn't ready yet.Good book by Deldotto.

Rating:
Summary: Gets your creative juices flowing
Review: I have only skimmed through my copy of this book as it seems dull and unappealing to me, with long sections that are just lists of addresses. Not sure why others rated this so highly. I prefer Given's books for "the average Joe".

Rating:
Summary: Still a worthwhile read
Review: I purchased this work at least a decade ago or more. It has been
helpful in identifying foreclosure properties in real estate.
Buyers need to do the detailed investigatory work prior to
purchasing a property. In addition, it is to your advantage
to get involved with some of the fix-up jobs yourself. There
are government programs i.e. Title I loans available to help
get low cost money to cash-poor property buyers. Dave also
describes the vast auction market where it is possible to
obtain merchandise at a fraction of the cost. I have benefited
personally with regard to identifying merchandise for literally
pennies on the dollar. There are tremendous deals out there
for buyers making purchases at estate sales-particularly
if you have cash in hand. You need to obtain the services
of a good home inspector if you are to purchase a property.
It pays to hire someone knowledgable because they will advise
you with regard to potentially dangerous structural problems
and items requiring expensive repairs. It pays to make a trip
to the municipal inspector's office to look at the property
folder. This will contain many details such as major
repairs, fires, citations and a whole host of problems
that the seller may not readily admit to initially.
Now is a good time to buy because interest rates are low and
the government has many meritorious programs available for
first-time buyers, teachers/educators, disabled persons,
retirees and a whole host of constituencies. Matthew Lesko
publishes some complementary books on government grants
which may be helpful to you. Dave Del Dotto describes a
wealth of opportunities available in tax lien or certificate
sales. Sometimes an investor can secure the entire property
for pennies on the dollar. This general area will require
some in depth study; however, the payoff is worth the investment
in time and money. Analysis paralysis can be a problem.
When you've located a good deal-act on it because others
may secure the opportunity while you are still contemplating
whether or not to take the plunge.

Rating:
Summary: Great as supplemental income or in place of your job
Review: The advice that DelDotto offers in How to make nothing but money, could generate substantial extra income or even become a full time, higher income opportunity for those who are willing to work at it.I particularly liked the chapters on distressed properties and foreclosures.

Rating:
Summary: Del Dotto's advice doesn't pay off
Review: The book is ok at best. The back cover makes some grandiose claims like his financial empire is growing $20 million per year. In fact, Del Dotto filed bankruptcy in 95 or 96. John T Reed has more info on Del Dotto on his website.
You're better off avoiding this one.

Rating:
Summary: Still applicable today--Real Estate is the Best Investment
Review: There are no other investments out there that can compare to real estate. Not the stock market. Not commodities. Not pork bellies, futures etc.

Dave DelDotto became a millionaire in four years with these strategies and shares them for the rest of us to benefit.

Noticed that the Rich Dad, Poor Dad series of books (which I strongly recommend by the way) are very popular. How did the author of that book make his fortune? Answer: REAL ESTATE.

There is also much information on how to generate cash as well as buy Real Estate with NO MONEY DOWN.

Tax lien certificates (Dave was one of the first to promote these back in the 80s) are a super safe way to earn 16%-50% rates of return guaranteed by the government.

Great book Dave.